The first RBI governor: Sir Osborne Smith who was a British banker. Governor of the Reserve Bank of India is the ex-officio Chairperson of the Monetary Policy Committee of the RBI. Shaktikanta Das is a 1980 batch retired Indian Administrative Services Officer who is presently serving as the governor of the RBI. And an ingenious solution was worked out between Janaki Kathpalia in the ministry of finance’s budget division and R Janakiraman, deputy governor in RBI. A former RBI board member said: “I think there was a board meeting in Bangalore where the top brass had huddled for a solution. During his tenure, Regional Rural Banks were set up; His tenure witnessed the demonetisation of high denomination notes as well as the “gold auctions” conducted by the Bank on behalf of Government of India. Viral V. Acharya, and Mr. N. S. Vishwanathan. We at the IBPS recruitment update every significant update and news. The central governments appoint RBI governor along with other deputy governors. N C Sen Gupta was appointed Governor for three months till K R Puri could assume office. Prime Minister Office appoints RBI Governor of India for a period of three years on the recommendation of the Finance Minister. During his tenure six private sector banks were nationalised, targets for priority sector lending introduced, and the Deposit Insurance and Credit Guarantee Corporations were merged, and a Departmental reorganisation was undertaken in the Bank. The Present Governor of RBI is Dr. Urjit Patel. Also, there are websites who empower the seeking aspirants with the best general knowledge updates and knowledge. 22611097: 22675277: Dr. M. D. Patra Deputy Governor Reserve Bank of India Central Office Building 19 th Floor, Shahid Bhagat Singh Road Mumbai-400 001. Want to know the names and tenure of Deputy Governors of Reserve Bank of India? RBI full name Reserve Bank of India established in 1935 and RBI launched headquarters in Kolkata on 1 st April 1935.RBI has known also as the central bank of our Country.RBI is managed by a Central Board 1 Governor, 4 Deputy Governors, 1 Government official appointed by the Government of … Along with RBI governor, MPC consists of Deputy Governor, RBI and one officer of RBI as its members. Wise, SBI PO Salary 2020 (Latest In hand + Gross Salary Slip) Perks + Promotion. Press Information Bureau, Government of India, List Of Chief Ministers Of Andhra Pradesh From 1956 To 2020, Chief Ministers Of Bihar From 1952 To 2020, Chief Ministers Of Karnataka From 1947 To 2020, Can You File An Online FIR In Bangalore? Knowledge is power, information is liberating, and education is the premise of progress, in every society in every family. The Reserve bank of India has been governed by the 25 governors till now. Executive Directors. New Delhi, Oct 5 (PTI) The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Monday recommended the names of Swaminthan Janakiraman … Since its establishment in 1935 by the Government of India, the RBI has been headed by twenty-five governors. The Governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ex-officio chair of its Central Board of Directors. The seeking applicants who are preparing to fight the competitive exams should hone their general aptitude to give them an edge above others. The list of RBI DGs and their Professions is as follows: SN Name Start Date End Date Tenure Years British Governor Profession 1 Sir James B. Taylor 01-04-35 30-06-37 2.2 Yes Yes ICS 2 Captain Sir Sikander Hyat Khan 01-04-35 20-10-35 0.6 Political Figure/Administrator 3 Manilal B. Nanavati 21-12-36 21-12-41 5.0 Administrator/Diwan of Baroda State/Registrar of Coop Societies 4 C.D. A stint as the Governor of the Reserve Bank of India is a great addition to one’s bio-data and can be a stepping stone for even bigger things. Here is the list of all the Governors of Reserve Bank of India. The current and 25th RBI Governor is Shaktikanta Das. Deposit Insurance and Credit Guarantee Corporation (DICGC). The Committee appointed by the Governor, Reserve Bank of India to enquire into the securities transactions of banks and financial institutions (Janakiraman Committee) had, in its first report, brought out several serious irregularities in these transactions. On June 24, 2019 the Deputy Governor of the RBI Viral Acharya has resigned (unofficial) from his post and planning to join his academic work at “New York University Stern School of Business (NYU Stern)”. The reserve bank of India is our central bank of India. the excess SLR securities acquired by banks during the period September 1, 2020 to March 31, 2021 shall be progressively reduced such that the total SLR securities held in the HTM category as a percentage of the NDTL does not exceed: Q Which RBI governor was also the prime minister? Sir Osborne Smith was the first Governor of the Reserve Bank. The process is simple one needs to keep themselves updated, read more and learn more. Governor of RBI on Oct 9, 2020. Here is everything you should know about RBI Governors and deputy governors from 1935 to 2020. The Reserve Bank of India or RBI was established in 1935 by the British Government. The Present Governor of RBI is Shaktikanta Das,he took charge on 12th December 2018 and acting till date. Necessary cookies are absolutely essential for the website to function properly. So, Guys today’s post is all about the “List of RBI Governors of India”. This category only includes cookies that ensures basic functionalities and security features of the website. K G Ambegaonkar did not sign any bank notes. Here is the complete list of RBI Governors since 1935, Your email address will not be published. The question regarding the general aptitude is put up in the general awareness section of the mains exams, therefore it is very crucial that you prepare well the general awareness section. Currently there are 3 Deputy RBI governors, RBI governor with the longest term is Benegal Rama Rao. He is a retired IAS officer who worked with various departments of Indian Government including Revenue, Economic Affairs and Finance Ministry. His tenure witnessed the commencement of the Planning Era as well innovative initiatives in the spheres of co-operative credit and industrial finance. As per the Janakiraman Committee Report, the scam was of … GOVERNOR Shri Shaktikanta Das DEPUTY GOVERNORS Co-ordination Work Right to Information Division The recommendations of the All India Rural Credit Survey Committee appointed during his tenure led to the transformation of the Imperial Bank of India to State Bank of India. The country's largest lender SBI is headed by chairman with four managing directors to assist. During his tenure comprehensive legal reforms were carried out related to the banking sector and a new chapter introduced in the Reserve Bank of India Act and the Urban Banks Department was set up. It is mandatory to procure user consent prior to running these cookies on your website. At present, the governor of the Reserve bank of India is “Shashikant das” who took the responsibility on 12 Dec 2018. The RBI… These cookies do not store any personal information. Today’s post is customized to deliver you complete info on the RBI Governors. Dr. Patel has several publications in the areas of Indian macroeconomics, monetary policy, public finance, the Indian financial sector, international trade, and regulatory economics. The general administration and the direction of RBI are maintained by the central board of directors that consist of the 20 members which includes of 1 governor, 4 Deputy Governors, 1 Government official appointed by the Union Government of India. Former Deputy governor of RBI Janakiraman dead Chennai: R. Janakiraman, retired Deputy Governor of the Reserve Bank of India, died in a private hospital … The share price of the private sector lender has fallen 2% in the last week, 7% in one month and 73% since the beginning of the year. The RBI created a committee to investigate the matter. A former RBI board member said: “I think there was a board meeting in Bangalore where the top brass had huddled for a solution. RBI does not have the post of Chairman, as RBI is not a commercial bank. How to Clear IBPS Prelims in First Attempt? Less than 2 months after the scam was exposed, the stock market had already lost a trillion rupees. Based on the work efficiency the tenure may be extended. And an ingenious solution was worked out between Janaki Kathpalia in the ministry of finance’s budget division and R Janakiraman, deputy governor in RBI. The RBI Governor is the custodian of Indian reserves and defender of the external value of the currency, They handle the formulating the policies on priority sector and support the agriculture banks, It controls the operation under the Foreign exchange management act, 1999 that promotes external trades and payment, Maintenance of the foreign exchange market, Poverty alleviation schemes formed by the government is also managed by the governor, Forms decision to support the national objectives, The governor issues the license to open the new private and foreign banks and manages their banking, The economic decision/issues and financial system of the country i, Responsible to maintain the financial stability of our economy, Manages the interest rates on the deposits and advances of the country, Manages monetary, currency and the credit system, Controls monetary, currency and the credit system. But opting out of some of these cookies may have an effect on your browsing experience. BBB recommends Janakiraman and Tewari for SBI MD posts ... Secretary of Department of Public Enterprises and RBI Deputy Governor incharge of banking are part of BBB. Q  Who are the three Deputy Governors of RBI? Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. There are numerous sources that aspirants can access on the internet to grab the maximum possible learning. In the beginning, the RBI bank began as the private shareholder bank that later nationalized. The name of the first Indian RBI governor is Sir Osborne Smith, The first Indian RBI governor is C. D. Deshmukh. He was appointed as the governor from July 1, 1949 to January 14, 1957, Q: Name the RBI Governor who served the shortest period in the RBI. This website uses cookies to improve your experience while you navigate through the website. The current and 25th RBI Governor is Shaktikanta Das. Explaining the Harshad Mehta Scam of 1992: The magnitude of the Harshad Mehta scam was so big, that if put into perspective today, it brought a bear market in the Dalal street. IBPS PO Salary 2020 (Basic & Gross) In hand, Perks, Career Growth, IBPS SO Salary 2021 Specialist Officer Pay Structure with Allowances, Career Guide, Ex Servicemen Eligibility Criteria + Cut Off Marks for IBPS/SBI Bank Exam, SBI Clerk Salary 2020: Latest Benefits, (In Hand Salary Slip + Promotion), SBI PO Prelims Admit Card 2019 Download Online Name + Roll no. The Governor of the Reserve Bank of India is the Chief Executive of India’s Central Bank and the ex-officio chairperson of the Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India (RBI), has governor’s signature. Three members are nominated by … has made significant policy contributions in the areas of financial sector reforms; trade finance; monitoring of balance of payments and exchange rate; external commercial borrowings; centre-state financial relations; regional planning; and public enterprise reform and has been closely associated with institution building. So stay tuned with us. As one of the follow-up measures, the RBI had issued a detailed circular to Rupee underwent a devaluation and the launch of the programme of economic reforms, His tenure as Governor saw unprecedented central bank activism to put in place a comprehensive set of measures to strengthen and improve the competitive efficiency of the financial sector, During his tenure, India weathered the Asian Crisis and has seen the consolidation of the gains of liberalisation and economic reforms. 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